Debt Reaches $18 Trillion, Increases 70% Under Obama ~ Shield Spirit

Wednesday, December 3, 2014

Debt Reaches $18 Trillion, Increases 70% Under Obama

-- Sen. Barack Obama, March 16, 2006

"America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit."

The total US debt has increased by 70% under Obama, from $10.625 trillion on January 21, 2009 to $18.005 trillion most recently. Oddly enough this occurred on Friday, November 30, 2014 which was the ominously named Black Friday. Hopefully this is not a precursor of things to come with the American economy.

Last week, total US debt was a meager $17,963,753,617,957.26. Two days later, as updated today, on Black Friday, total outstanding US public debt just hit a new historic level which probably would be better associated with a red color: as of the last work day of November, total US public debt just surpassed $18 trillion for the first time, or $18,005,549,328,561.45 to be precise, of which debt held by the public rose to $12,922,681,725,432.94, an increase of $32 billion in one day.